Press release
Home Entertainment Devices Market (Covid-19 update) 2020 | Deep Analysis of the Market with Top Key Players and Future Forecasts To 2022
Home Entertainment Devices Market was valued at $176,098 million, and is expected to reach $294,969 by 2022 years, supported by a CAGR of 6.9%. Home entertainment devices include products and systems used in domestic or personal context. The home entertainment market includes several consumer electronic products such as television sets, video players & recorders, audio equipment, and gaming devices. Over the past few years, there is a significant rise in consumer investments in entertainment products mainly due to the increase in disposable income and development of innovative entertainment solutions from manufacturers.
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The market growth for these products is driven by the rise in disposable incomes in developing regions of Asia-Pacific and LAMEA, and due to replacement of old products with new technologically enhanced products in the developed regions of North America and Europe. The market growth for home entertainment systems is boosted by the development of new and connected products.
The global home entertainment devices market is segmented based on product type, connectivity, and geography. Based on the product type, the market is divided into audio devices, video devices, and gaming consoles. The audio devices market includes home theatre in-a-box (HTiB), audio systems, home radios, sound bars, and headphones. The video devices segment comprises televisions, Blue-ray & DVD players, projectors, DVRs, and streaming devices. In the year 2015, the video devices segment dominated the market accounting for $157,707 million. The video devices division was majorly dominated by the television segment. The market growth for televisions is supported by growth in customer demand for smart TVs. Smart TVs presently make up only small portion of overall sales, the adoption of these devices is expected to grow with increase in customer demand for web-based content.
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Based on the mode of connectivity, the market was segmented into wireless and wired devices. Wireless devices can refer to a setup that simply has a set of wireless surround sound speakers to a system that incorporates wireless home networking. They also have inbuilt LAN devices that allow users to access the Internet and provide the benefits of networking in a cable-free environment. The market by connectivity was dominated by wired devices segment, and accounted for $131,573 million in 2015. Wireless devices are expected to grow at a faster CAGR of 9.8% and reach $104,078 million by 2022. The market for wireless devices is driven by advancements in Internet, TV, and other application technologies.
By geography, the market is analyzed across four regions, namely, North America, Europe, Asia-Pacific, and LAMEA along with their prominent countries. Asia-Pacific was the most dominant geographical market for home entertainment devices in 2015. This region is largely driven by the growth in disposable income and tech-savvy urban population from major countries such as China and India. Asia-Pacific is estimated to grow at a CAGR of 7.9%.
The major players profiled in the report are Sony Corporation, Apple Inc., Panasonic Corporation, LG Electronics Inc., Samsung, Bose Corporation, Sennheiser Electronic GmbH & Co. KG, Microsoft, Koninklijke Philips N.V., and Mitsubishi Electric Corporation.
Read More: https://www.alliedmarketresearch.com/home-entertainment-devices-market
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David Correa
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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small- & medium-scale enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
Allied Market Research provides one-stop solution right from data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients understand the significance and impact of market dynamics. The company applies client's insight on the factors such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligence support to help clients transform into a prominent business firm.
For More Information on This Report, Request Inquiry at https://www.alliedmarketresearch.com/purchase-enquiry/1797
The market growth for these products is driven by the rise in disposable incomes in developing regions of Asia-Pacific and LAMEA, and due to replacement of old products with new technologically enhanced products in the developed regions of North America and Europe. The market growth for home entertainment systems is boosted by the development of new and connected products.
The global home entertainment devices market is segmented based on product type, connectivity, and geography. Based on the product type, the market is divided into audio devices, video devices, and gaming consoles. The audio devices market includes home theatre in-a-box (HTiB), audio systems, home radios, sound bars, and headphones. The video devices segment comprises televisions, Blue-ray & DVD players, projectors, DVRs, and streaming devices. In the year 2015, the video devices segment dominated the market accounting for $157,707 million. The video devices division was majorly dominated by the television segment. The market growth for televisions is supported by growth in customer demand for smart TVs. Smart TVs presently make up only small portion of overall sales, the adoption of these devices is expected to grow with increase in customer demand for web-based content.
Request Exclusive Sample PDF Of This Report At https://www.alliedmarketresearch.com/request-sample/1797
Based on the mode of connectivity, the market was segmented into wireless and wired devices. Wireless devices can refer to a setup that simply has a set of wireless surround sound speakers to a system that incorporates wireless home networking. They also have inbuilt LAN devices that allow users to access the Internet and provide the benefits of networking in a cable-free environment. The market by connectivity was dominated by wired devices segment, and accounted for $131,573 million in 2015. Wireless devices are expected to grow at a faster CAGR of 9.8% and reach $104,078 million by 2022. The market for wireless devices is driven by advancements in Internet, TV, and other application technologies.
By geography, the market is analyzed across four regions, namely, North America, Europe, Asia-Pacific, and LAMEA along with their prominent countries. Asia-Pacific was the most dominant geographical market for home entertainment devices in 2015. This region is largely driven by the growth in disposable income and tech-savvy urban population from major countries such as China and India. Asia-Pacific is estimated to grow at a CAGR of 7.9%.
The major players profiled in the report are Sony Corporation, Apple Inc., Panasonic Corporation, LG Electronics Inc., Samsung, Bose Corporation, Sennheiser Electronic GmbH & Co. KG, Microsoft, Koninklijke Philips N.V., and Mitsubishi Electric Corporation.
Read More: https://www.alliedmarketresearch.com/home-entertainment-devices-market
Related PR : https://www.alliedmarketresearch.com/press-release/home-entertainment-devices-market.html
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research
About Us
Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small- & medium-scale enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
Allied Market Research provides one-stop solution right from data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients understand the significance and impact of market dynamics. The company applies client's insight on the factors such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligence support to help clients transform into a prominent business firm.
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